Wheaton Precious Metals Corp. (NYSE:WPM) Stock Has Consensus Target Price of $166.00 According to Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $172.11.

A number of brokerages have weighed in on WPM. Weiss Ratings raised shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Scotiabank lowered their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Bank of America dropped their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, UBS Group upped their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday.

Hedge Funds Weigh In On Wheaton Precious Metals

Several large investors have recently made changes to their positions in WPM. Capital Advisors Wealth Management LLC increased its position in Wheaton Precious Metals by 4.7% in the third quarter. Capital Advisors Wealth Management LLC now owns 6,706 shares of the company’s stock worth $897,000 after purchasing an additional 303 shares during the period. Athena Wealth Management LLC lifted its position in Wheaton Precious Metals by 21.3% during the 3rd quarter. Athena Wealth Management LLC now owns 2,779 shares of the company’s stock valued at $372,000 after purchasing an additional 488 shares during the period. Chapin Davis Inc. acquired a new position in Wheaton Precious Metals during the 3rd quarter valued at about $227,000. Farther Finance Advisors LLC boosted its stake in shares of Wheaton Precious Metals by 10.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,834 shares of the company’s stock valued at $1,449,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Dickmeyer Boyce Financial Management Inc. bought a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $138.69 on Thursday. Wheaton Precious Metals has a twelve month low of $92.57 and a twelve month high of $165.76. The firm has a market cap of $62.99 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The business has a fifty day moving average of $143.30 and a 200-day moving average of $131.17.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s quarterly revenue was up 84.7% on a year-over-year basis. On average, equities research analysts predict that Wheaton Precious Metals will post 4.80 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s payout ratio is presently 17.29%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.